new car

Anonymous · ‎03-11-2008

hey guys new to board quick question purchased a home 100% financing through acorn last sep..fico was 660....since then i have a mortgage and 2 credit cards one with a 2500 limit and one with a 500 limit both are within 100.00 of being maxed out

bought a car today and they are telling me fico is 611 and i can only qualify for 9.00 interest any suggestions no lates on credit cards or mortgage

Anonymous · ‎03-11-2008

Utilization is too high for one. Pay down your CCs to under 10%.

And your credit history is probably too short.

Junejer · ‎03-11-2008

What's happenin' Captain? Welcome to the forum. Please read Credit Scoring 101, if you haven't already done so.

You are having a util problem. Pay one card in full to $0 balance a few days BEFORE the statement drops. Allow the other card to report a very small balance 1-9% util. You will see a rebound of your scores with that action.